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Smaller Software Picks Boosted by IBM, Sap

Credit Suisse cites Jive, Cornerstone OnDemand and Ultimate Software.

Last week, IBM reported second-quarter results that largely missed expectations although its software business was a silver lining, up 4% year-over-year (up 5% in constant currency).

However, it's hard to determine how much was from deals meant to close last quarter. Specifically, IBM (ticker: IBM) reported solid double-digit growth in all software sub-segments except Information Management. That segment only...